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  • BNY Expands Bitcoin and Ether Custody to European Union Institutions Under MiCA

    BNY Expands Bitcoin and Ether Custody to European Union Institutions Under MiCA

    BNY expanded its digital asset custody platform to select European Union institutions on October 8, 2026. The service provides regulated safekeeping across four major tokens under the bloc’s MiCA framework.

    Globally, the bank oversees 62.6 trillion dollars in assets under custody and administration. Its European license represents one of the largest traditional finance entries into crypto infrastructure to date.

    Institutional clients can store, transfer and administer Bitcoin, Ethereum, Solana and USDC through The Bank of New York Mellon SA/NV, the group’s Brussels-based European banking entity. The setup uses multiparty computation, segregated client wallets and cold storage protocols. It also provides bankruptcy stay protection. That isolates client assets from BNY’s balance sheet if the bank faces insolvency.

    The Structure Behind the Custody Rollout

    Engineers built the digital custody infrastructure directly on BNY’s existing asset servicing architecture rather than operating it as an independent unit. The firm originally launched the platform in 2022 to handle tokenized cash and collateral settlement before seeking cross-border licensing.

    Client assets under the MiCA regime remain subject to explicit warnings. BNY notes that digital assets lack FDIC insurance, do not count as traditional bank deposits, and carry direct market exposure risks.

    Four assets form the initial offering: Bitcoin, Ethereum, Solana and USDC. The bank plans to add more tokens and stablecoins over time. However, it has not set a timeline for listing additional assets or confirmed specific rollout dates across individual EU member states.

    How Custody Competition Stacks Up

    Custodians are taking divergent approaches to digital assets across Europe, North America and Asian financial hubs. US regulatory hurdles previously slowed custody rollouts on American balance sheets. In contrast, the EU’s clear MiCA timetable gave BNY a unified single-market rulebook to clear its European banking arm first.

    Rivals are moving in parallel across international hubs. Standard Chartered has expanded digital asset custody across its Dubai operations, including support for institutional stablecoin reserves. For institutional investors, the entry of global systemically important banks narrows the compliance gap between holding conventional equities and holding digital tokens.

    Operational risks remain concentrated around liquidity and software integration. Asset managers require real-time settlement and automated reporting into standard accounting platforms. Traditional custody books provide these tools for bonds, but developers are still adapting them for public blockchains.

    Licensing Steps Leading to the European Launch

    Regulators at the European Securities and Markets Authority registered The Bank of New York Mellon SA/NV on the official MiCA registry in July 2026. That authorization permits crypto asset custody, administration and transfer activities across member jurisdictions, setting up the October deployment.

    Jennifer Barker, Head of Europe at BNY, addressed the institutional demand behind the launch: “To support increasingly digital strategies, institutions need solutions with the same resilience, oversight and safeguards they rely on across traditional operations.”

    BNY must now demonstrate institutional client adoption on the ground. The bank has not disclosed initial custody volumes or named launch partners for the four supported tokens, leaving transaction metrics and broader asset approvals as the key milestones ahead.

  • Bitcoin Trades at $83,408 as Crypto Markets Track Asia Trading Moves

    Bitcoin Trades at $83,408 as Crypto Markets Track Asia Trading Moves

    Bitcoin held steady at $83,408.20 on October 13, 2026, gaining $19.57 over the previous morning as trading volumes remained subdued across major digital asset desks.

    The benchmark cryptocurrency is down 27.64 per cent from $115,278.48 a year earlier, representing a value loss of roughly $31,870 per token despite an 7.95 per cent rebound over the past month from $77,261.09.

    Total market capitalisation for Bitcoin stands at $1.33 trillion, maintaining its dominant position over alternative tokens. Second-ranked Ethereum fell 1.97 per cent over twenty-four hours to $2,503.64, extending a 41.02 per cent drop from $4,245.28 recorded twelve months prior and fixing its valuation at approximately $233 billion. Tether followed with a $183 billion market cap at $0.99, while cross-border settlement token XRP traded at $1.35.

    Exchange expansion across North Asian hubs

    Retail and institutional trading activity across Asia-Pacific remains central to digital currency liquidity as platforms seek formal integration with regional equity markets. Binance is weighing plans to offer traditional stock trading access to customers in key Asian jurisdictions, including Hong Kong and South Korea. Connecting digital asset wallets to local equities provides centralized exchanges with a direct route to capture cross-asset retail trading flow.

    Brokerages and consumer finance platforms across Hong Kong and Seoul face renewed competition if major crypto venues succeed in securing regulatory approvals for equity products. Traditional securities brokers have spent years defending their fee structures against zero-commission retail apps. A unified interface combining spot crypto, exchange-traded funds and local equities threatens to erode brokerage commission pools across East Asia.

    Balance sheet purchases and corporate exposure

    Corporate treasury allocations have resumed on a targeted scale following sharp drawdowns from record highs. Strategy completed a $21 million purchase of Bitcoin as corporate buying activity showed signs of renewed momentum. Such transactions provide price support, though treasury adoption outside specialized balance sheet operators remains limited to select consumer brands and technology firms.

    Merchant payment adoption continues among high-ticket retail brands such as Ferrari and Tesla, yet everyday consumer transactions across Asian retail checkouts remain dominated by local fiat digital wallets. Crypto volatility makes inventory pricing difficult for retailers operating on thin margins. For department stores and supermarket operators, processing volatile tokens directly creates currency exposure that standard payment gateway conversions cannot fully eliminate.

    Retracing the October 2025 record peak

    Current price levels reflect a prolonged correction from historic highs set in late 2025. Bitcoin established an all-time record of $126,198.07 on October 6, 2025, before dropping roughly 30 per cent into the close of that calendar year. Ethereum experienced an identical trajectory, peaking near $5,000 in August 2025 before losing half its valuation over the subsequent fourteen months.

    Early stages of the cryptocurrency market saw transactions such as developer Laszlo Hanyecz exchanging 10,000 Bitcoins for two pizzas in 2010, an allocation valued today at more than $668 million. Long-term appreciation exceeds 15,000 per cent over the past decade, yet steep cyclical contractions continue to challenge institutional risk models and consumer holding appetite.

    Regulatory filings and automated order flow

    Trading desks are turning toward automated infrastructure to manage market shifts. Developer teams across the crypto sector are deploying artificial intelligence agents capable of executing autonomous trades, shifting volume away from manual retail orders toward programmatic systems. These tools operate continuously across global venues, tightening spreads during Asian daytime hours.

    Regulatory scrutiny over exchange asset segregation and cross-border token transfers remains the primary hurdle for wider banking integration across Asia. Licensing authorities in Hong Kong continue to review platform permissions, while financial watchdogs in Seoul maintain strict compliance rules on investor identity checks and domestic bank linkages. Market participants are monitoring whether Binance submits formal filing documents for stock trading services in either jurisdiction before the end of the fourth quarter.

  • Ethereum Holds Near $2,700 as Futures Open Interest Hits $33.69 Billion

    Ethereum Holds Near $2,700 as Futures Open Interest Hits $33.69 Billion

    Ethereum held near $2,702 on Oct. 4 as cryptocurrency derivatives open interest reached $33.69 billion across global exchanges.

    The asset gained less than 1 percent over 24 hours, maintaining a narrow range after closing at $2,687 on Oct. 3 and $2,668 on Oct. 2.

    Trading volume in Ethereum futures hit roughly $25.04 billion in a 24-hour window. Market data tracked by CoinGlass showed elevated use across derivatives venues, leaving positioning exposed to sharp liquidation cascades if spot prices break key support or resistance thresholds.

    use Expands While Bearish Bets Surface

    Large proprietary trading desks and individual accounts took opposing positions as volatility compressed. Market trackers recorded a single short position worth approximately $61 million opened against the token, carrying an estimated liquidation price near $3,010.

    Spot pricing gained 7.1 percent over the trailing 30-day period. That month-long recovery established a higher base following late-September turbulence, yet price action stalled below broader technical breakout targets.

    Retail and institutional market participants face conflicting technical indicators. Some chart analysts point to a rising wedge pattern that risks a pullback toward $2,400 if lower support fails, while bullish desks target an initial push toward $3,000 before challenging higher boundaries.

    Exchange Inventories Show Mixed Capital Flows

    On-chain exchange reserves reflect conflicting behavior rather than sustained accumulation. CryptoQuant recorded a daily netflow of 17,492 ETH moving into centralized exchange wallets, adding to available liquid supply.

    Tracked exchange balances stood at roughly 14.66 million ETH across global platforms. That aggregate total follows a volatile September where single-day spikes altered balance totals, including an inflow of 709,400 ETH to Binance on Sept. 17 alongside isolated whale withdrawals exceeding 5,000 ETH from major venues.

    These opposing movements indicate portfolio repositioning and collateral management across venues rather than outright long-term treasury accumulation by Asian institutions.

    Testnet Roadmap Sets Immediate Technical Catalyst

    Protocol developers are shifting focus to core network upgrades rather than short-term market fluctuations. The Ethereum Foundation confirmed that the Glamsterdam upgrade will activate on the Sepolia testnet on Oct. 6 at 13:53:36 UTC.

    The software update integrates enshrined proposer-builder separation, block-level access lists, and revised gas accounting mechanisms. Mainnet deployment dates remain unconfirmed pending the results of the Sepolia trial run.

    For crypto treasury desks and digital asset funds across the Asia-Pacific region, operational stability across testnets takes precedence before allocating fresh spot capital to the ecosystem.

    Support Thresholds Define Immediate Trading Ranges

    Price action over recent weeks shows spot markets consolidating within a tighter band after absorbing initial September selling. Ethereum cleared its late-September lows, yet overall market dominance remained steady near 11 percent while Bitcoin held 57.39 percent of aggregate digital asset market capitalization.

    Traders are watching the $2,400 support level to gauge whether the current recovery holds or unwinds into used liquidations. A sustained break above the $3,000 mark remains necessary to force short liquidations and confirm a broader trend reversal.

  • Ethereum Falls to $2,694 as BlackRock Outflows Snap Seven-Day ETF Inflow Streak

    Ethereum Falls to $2,694 as BlackRock Outflows Snap Seven-Day ETF Inflow Streak

    Ethereum dropped 1.26 per cent to $2,694.64 in 24 hours as institutional buyers paused after a seven-session run of net inflows into spot exchange-traded funds.

    United States spot Ethereum funds logged $2.81 million in net outflows on September 29, abruptly ending a week of sustained capital allocation.

    Institutional Outflows Snap Buying Streak

    BlackRock’s ETHA led the reversal, recording $8.94 million in net withdrawals in a single session. That outflow broke the momentum that had carried the token through its recent recovery, stripping away the primary source of spot market absorption. Without steady fund buying to soak up sell orders, the market turned defensive as short-term traders took profits.

    Institutional flows dictate price floors in this cycle far more than retail volume. When spot ETF allocations stall, spot books thin out rapidly, exposing used positions across major derivatives exchanges.

    use Flush Triggers Liquidation Cascade

    Derivative markets amplified the downturn within hours of the ETF flow reversal. Forced closures erased $11.88 million in used long positions in a single one-hour window on September 29.

    Total liquidations across all Ethereum trading pairs reached $56.64 million over the 24-hour period. That cascade pushed prices down through intraday bids, creating automatic selling pressure as brokerages closed under-margined accounts. Funding rates and open interest contracted as over-used traders were cleared out of the order books.

    Technical Support Levels Under Pressure

    Ether is now trading below overhead resistance at $2,786. The immediate support zone sits between $2,612 and $2,626, matching the token’s 20-day exponential moving average.

    A failure to hold the $2,612 floor opens a direct path toward secondary support at $2,544. Conversely, buyers must clear the $2,786 level on a daily closing basis to create momentum toward the next resistance target at $2,894.

    Macro Inflation Data Dictates Next Range

    Trading desks have shifted focus to broader macroeconomic indicators to gauge whether institutional allocators will resume spot buying. Risk appetite across digital asset markets remains tied to monetary policy expectations and interest rate differentials.

    Market participants are watching the United States Personal Consumption Expenditures price index release on September 30, with trading desks tracking whether the 20-day average near $2,612 holds through the macro print.

  • Bitcoin Leads Crypto Recovery with 1.55 Trillion Dollar Market Cap

    Bitcoin Leads Crypto Recovery with 1.55 Trillion Dollar Market Cap

    Bitcoin rebounded to 77,676 dollars following a 22 per cent rally over 14 days, outpacing Ethereum and XRP in market resilience despite prolonged sector-wide corrections throughout 2026.

    The two-week market surge followed an announcement by the US Treasury that it would double long-end bond buybacks, forcing traders to liquidate roughly 3.3 billion dollars in short positions across crypto derivatives. Ethereum climbed 29 per cent to 2,440 dollars during the same window, while XRP advanced 33 per cent to 1.38 dollars.

    Institutional Inflows Support Spot Valuations

    Institutional demand continues to anchor Bitcoin trading volumes. US spot Bitcoin exchange-traded funds recorded 242.24 million dollars in net inflows on August 27, extending an uninterrupted nine-day buying streak. Corporate buyers including Strategy and sovereign holders such as El Salvador expanded their balance sheet holdings, constraining circulating liquidity across primary exchanges.

    Ethereum relies on structural supply limits rather than spot ETF velocity. Network validators have staked nearly 47 per cent of total circulating Ethereum, locking up volume as institutional asset managers test tokenized bonds and equities on the network.

    XRP recorded 155.98 million dollars in net inflows across spot funds over a three-week period without a single day of net redemptions. The token’s circulating supply stands near 62 billion coins, giving it an 86 billion dollar market cap compared to Ethereum’s 294 billion dollars and Bitcoin’s 1.55 trillion dollars.

    Legislative Filings and Price Resistance

    Regulatory decisions in Washington now dictate secondary market pricing for alternative tokens. The US Senate faces a cloture vote on the CLARITY Act on September 15, which aims to formally classify XRP as a digital commodity under federal law.

    For digital asset treasuries across Asia and global trading desks, Bitcoin remains the primary defensive allocation during macro tightening cycles. While high-beta assets like XRP gain faster during sharp liquidity squeezes, Bitcoin holds nearest to its prior peak, trading 38 per cent below its October 2025 high of 126,198 dollars compared to a 64 per cent deficit for XRP.

    Traders now track the September 15 Senate vote alongside daily US spot ETF subscription data to gauge whether institutional accumulation can sustain current price floors.

  • SEC Regulation Proposal Drives Bitcoin and Ethereum Price Gains

    SEC Regulation Proposal Drives Bitcoin and Ethereum Price Gains

    Bitcoin and Ethereum saw price increases following an announcement from the US Securities and Exchange Commission (SEC) regarding proposed new regulations for crypto assets. The move, aimed at providing a clearer operational framework for the nascent industry, was positively received by the market.

    As of Wednesday, August 19, 2026, Bitcoin opened at $64,681.22, marking a 0.3% increase from the previous day, and climbed to $64,877.66 in early trading. Ethereum also experienced a boost, opening at $1,916.47, up 0.2%, and reaching $1,936.31 during the same period. These gains come as global financial markets, including those in Asia, continue to watch regulatory developments closely for their impact on crypto adoption and stability.

    New Regulatory Framework Unveiled

    The proposed SEC rules outline a framework for crypto companies seeking to raise capital, introducing two exemptions for crypto-related investment contracts. While allowing for flexibility, the regulations mandate certain disclosures from issuers. Larger offerings will be required to provide financial statements and adhere to ongoing reporting standards.

    A key aspect of the proposal is the provision for certain crypto assets to shed their securities classification and related reporting requirements once a project fulfills its core managerial commitments. This could particularly benefit established networks such as Bitcoin and Ethereum, signalling a potential path to greater regulatory clarity and reduced compliance burdens for mature digital assets.

    Market Performance And Tax Implications

    Despite recent gains, both major cryptocurrencies have faced significant headwinds over the past year. Bitcoin’s current price is down 44.4% year-on-year, while Ethereum has fallen 55.6% over the same period. One week ago, Bitcoin was up 1.8%, and Ethereum rose 1.9%. Over the last month, Bitcoin experienced a slight dip of 0.2%, whereas Ethereum saw a 3% increase.

    The US regulatory body also emphasized that profits from cryptocurrency transactions are subject to taxation. This includes sales of digital assets for more than their purchase price, as well as exchanges between different cryptocurrencies. The tax rate depends on the holding period; assets held for less than a year typically incur higher short-term capital gains rates, while longer holding periods benefit from lower long-term rates. This tax clarity, while not new, continues to shape investor behavior and compliance efforts across financial markets, including Asia where similar tax discussions are ongoing in various jurisdictions.

    The all-time high for Bitcoin was $126,198.07 on October 6, 2025. The all-time high for Ethereum was $4,953.73 on August 24, 2025.

  • Coinbase Survey Reveals: Over 60% Singaporeans Own Cryptocurrency – A Deep Dive into Their Investment Trends

    Coinbase Survey Reveals: Over 60% Singaporeans Own Cryptocurrency – A Deep Dive into Their Investment Trends

    Cryptocurrencies have gained significant traction in Singapore, with the majority of its citizens having some level of interaction with the digital asset, as revealed by a recent survey.

    Singaporean Interest in Cryptocurrencies

    A substantial portion of Singaporeans, amounting to 61 percent, are in possession of some form of cryptocurrency, according to recently published survey data. Unsurprisingly, the predominant demographic among these investors are individuals aged 18 to 34 years, who make up 70 percent of the group. Of these, about 68 percent are male.

    Investment Approach: HODL vs Trading

    The study also revealed the investment habits of cryptocurrency owners. The majority, 58 percent, were found to be long-term investors, a strategy commonly referred to as HODL or “hold on for dear life”. On the other hand, 22 percent were classified as occasional traders, with another 20 percent identified as active traders. Remarkably, 42 percent of the survey participants had been investing in cryptocurrencies for over two years.

    The investment allocation was also explored in the study, with 74 percent of respondents stating that 10 percent or less of their portfolios was invested in digital assets. These portfolios typically contained an average of three different types of cryptocurrency. The median portfolio size ranged within S$3,000 ($2,300) to S$5,000.

    Cryptocurrency Price Predictions

    Looking ahead, 25 percent of the respondents anticipate the price of Bitcoin to reach between $100,000 and $150,000 within the next year. Meanwhile, 15 percent predict a rise above $150,000. However, the majority hold a more conservative prediction, expecting the value to fall within the $50,000 to $100,000 bracket. Only 18 percent of the respondents foresee Bitcoin dropping below $50,000. The price of Bitcoin at the time of the survey’s publication was approximately $86,000.

    The data for this report was collected from a pool of 3,513 active retail investors and other interested individuals in Singapore. The survey was conducted between August 15 and August 19 of the current year.

    Questions & Answers

    What percentage of Singaporeans own cryptocurrency?
    According to a recent survey, 61 percent of Singaporeans own some form of cryptocurrency.

    What is the average investment allocation to cryptocurrencies in Singapore?
    The survey found that 74 percent of investors have allocated 10% or less of their portfolios to cryptocurrency holdings.

    What are the future price expectations for Bitcoin among Singaporean investors?
    Within the next year, 25 percent of the respondents expect Bitcoin’s price to reach $100,000 to $150,000, 15 percent predict a rise above $150,000, and the majority forecast a value between $50,000 and $100,000.

  • What Happened To Ethereum Price In 2021?

    What Happened To Ethereum Price In 2021?

    Ethereum price isn’t even trading at half the all-time highs it once was, and it has investors, traders, and analysts alike talking about a bear market in crypto. However, with such a severe selloff, it could be enough to stave off a longer bear phase, and a rebound from current levels could send Ethereum to new highs from here.

    Only time will tell how it all turns out, but for now, we’re looking back at what happened to Ethereum price in 2021, and also looking ahead at what Ethereum trading strategies to rely on in case the market does turn fully bearish instead.

    The First Half Of 2021 Reviewed

    Ethereum started off the year in 2021 at under $1,000 and at the peak traded for more than $4,000 per ETH. Things turned that bullish, that fast for the top altcoin by market cap. Bitcoin was also bullish and dragging up the entire crypto market, but what really sent Ethereum into overdrive was the sudden explosion in NFTs, DeFi, and other technologies tied to smart contracts

    Ethereum was introduced to do a lot more than Bitcoin can do, and that shows today with how much is built on the foundational blockchain layer. That scale in the amount of tokens and projects running on Ethereum also slowed down the network and sent gas fees soaring, but it also made ETH the hottest currency around that everyone needed to spend to transact in crypto.

    If a user wanted to mint an NFT, they had to spend ETH in gas fees. Most DeFi applications also heavily require ETH, and most popular stablecoins also run on Ethereum. There was a rush to create cross-chain solutions, but there is no beating Ethereum’s reach.

    Hype around ETH 2.0 and staking also drove up prices. ETH residing on exchanges reached a critical low. At the high, Ethereum traded around $4,400. But in a flash the crypto market crashed, and Ethereum collapsed by 50%.

    At the current low, the second ranked cryptocurrency dropped to as low as $1700 or around the 61.8% Fibonacci retracement level – an ideal zone to watch for a possible reversal.

    What the Second Half Has In Store For Ethereum

    The more than 60% crash very closely resembles the drawdown and final shakeout before the last time Ethereum ran to a new all-time high back in late 2017 into 2018. Ethereum more than tripled in value from the previous peak. A similar run higher post sell off would put each Ethereum at over $10,000 per token.

    At some point, however, no matter how bullish crypto is long term, because the assets are speculative, price discovery is volatile and another bear market will ultimately result. If and when that happens, the worst thing anyone can do is HODL.

    Investing is a mistake, and even buying the dip or going long can lead to a string of losses. When the bear market troughs come back, the right strategy is short trading Ethereum through CFDs. CFDs mean you don’t have to hold the underlying asset and can still short it, making profits from a crash instead of losing capital. CFDs are offered at margin trading platforms such as PrimeXBT, for example, which lets users long and short crypto, forex, commodities, and stock indices all under one roof.

    Knowing exactly when things turn bearish is much more difficult to tell. Watching for a high timeframe bearish crossover of the MACD is one way to tell as technicals recently revealed. On higher time frames, such as the two week or monthly, losing the middle-Bollinger Band – a simple moving average – can also be a signal to go short and a bear market is here.

    Ethereum still hasn’t lost the key level, and a future upgrade that improves scarcity could turn things back bullish sooner than later. Ethereum still hasn’t revisited the former all-time highs against Bitcoin on the ETH/BTC trading pair, which could suggest future outperformance over Bitcoin.

    Ethereum has actually outperformed Bitcoin in terms of raw ROI since its inception, however, because Bitcoin has been around a lot longer it has more ROI overall to show for it. If Ethereum can keep pace, it could someday even surpass Bitcoin’s market cap. The rest of 2021 and what happens from current levels will determine if that bullish outcome is possible, or if a bear market for altcoins is ahead.

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  • Saxo Launches Crypto FX Trading in Singapore

    Saxo Launches Crypto FX Trading in Singapore

    Saxo Markets customers in Singapore will be able to trade in major cryptocurrencies as FX spot pairs.

    The online trading and investment platform’s new cryptocurrency offering enables customers to trade bitcoin, ethereum and litecoin against EUR, USD, and JPY from a single margin account, Saxo announced in a statement on Wednesday.

    Clients can trade and hedge both long and short exposure in the three cryptocurrencies, which will be in the form of derivatives and not the actual coins.

    Pairing cryptocurrencies with FX makes it more appealing to investors who are more active in the market as it offers a trusted and secure way to trade cryptos, Saxo said.

    Trading via ETNs for example lets more investors access this product in a way that works for their portfolio and makes the most of its volatility. It’s also fundamentally less risky than using cryptocurrency wallets where access can, and has, been lost to dramatic effect, Adam Reynolds, Asia Pacific CEO, Saxo Markets, said in the announcement.

    According to Saxo, its existing range of over 30 different cryptocurrency trackers and ETNs, which so far this year have seen trading volumes exceeding the entire turnover for the whole of 2020 –  a year in which volumes surged 130 percent.

  • First Digital Trust Partners Crypto Storage Firm Amid Asia Demand

    First Digital Trust Partners Crypto Storage Firm Amid Asia Demand

    The multi-asset custodian will work with Fireblocks, a blockchain-based platform for securely moving, storing, and issuing digital assets in the finance industry, to cater to the increasing demand from fintech companies seeking custodial solutions in Asia.

    Hong Kong-based First Digital Trust (FDT) will integrate Fireblocks’ digital asset infrastructure on its platform to improve institutional-grade digital asset custody and protection in Asia as investor interest and demand grows, according to a joint statement on Wednesday.

    Fireblocks will automate the depositing of assets into FDT’s custodial structure, which will allow it to provide more interoperable custody solutions by enabling fintech clients to instantly send money to various digital asset providers without needing to see a wallet address.

    FDT will also be able to provide investors access to DeFi, lending and staking, as well as more than 200 trading venues and 300 tokens, enabling them to expand their revenue streams from day one, the announcement said.

    The collaboration with Fireblocks will enable us to build a strong bridge between the East and the West for fintech visionaries in Europe and the US who are looking to tap into the Asian market, Vincent Chok, CEO of First Digital Trust, said.

    Digital asset trading activity in Asia is equivalent to the U.S. and Europe combined, and accounts for more than 90 percent of ethereum and bitcoin derivatives volumes.

    Since launching in June 2019, Fireblocks has opened offices in Hong Kong and Singapore, and has raised $46 million in funding to support its growth ambitions.

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